# In the matter of Kerala Housing Finance Ltd. IBA-205-2019

> NCLT judgment dated 2019-04-29. Citation: TCN-2019-NCLT-03654. The document is an attendance cum order sheet from the National Company Law Tribunal (NCLT),…

- **Court:** NCLT
- **Order date:** 29 Apr 2019
- **Citation:** TCN-2019-NCLT-03654
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/kerala-housing-finance-ltd-iba-205-2019-ad7d84f7

## Summary

### Background

The document is an attendance cum order sheet from the National Company Law Tribunal (NCLT), Chennai Bench, regarding a hearing held on April 29, 2019, at 10:30 AM. The case involves an application under the Insolvency and Bankruptcy Code (IBC).

## Facts

The case involves Vijaya Kumar J and 9 others as Petitioners and Kerala Housing Finance Ltd as the Respondent. The application number is IBA/205/2019. The case is being heard at the National Company Law Tribunal (NCLT), Chennai Bench. The Financial Creditor's counsel submitted that the Corporate Debtor is likely to dispose of its assets. The Corporate Debtor's counsel undertook that no assets would be alienated until the final order. The NCLT restrained the Corporate Debtor from alienating assets.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be restrained from alienating its assets pending the final …

**Ratio:** The court has the power to issue orders to protect the assets of the Corporate Debtor

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**Reasoning:** The court reasoned that there was a submission by the Financial Creditor's counsel that

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**Interpretation:** This legal issue concerns the court's authority to issue protective orders

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** CH. MOHD SHARIEF…
- **Appellants:** VIJAYA KU…
- **Respondents:** KERALA HOUSING…

## Timeline

- **2019-04-29 — Hearing…**: Hearing held at NCLT…
- **2019-06-17 — Next Hearin…**: Case put up for further…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/kerala-housing-finance-ltd-iba-205-2019-ad7d84f7